FPI investors are withdrawing money from the Indian market, 949 crore withdrawn in the month of November so far

Foreign Portfolio Investment: Foreign portfolio investors (FPIs) have withdrawn Rs 949 crore from the Indian markets in the first fortnight of November. According to depository data, FPIs pulled out Rs 4,694 crore from equities during November 1-12. At the same time, during this time he put Rs 3,745 crore in the loan or bond market. In this way his net withdrawal stood at Rs 949 crore.

Stock market is at record level
Let us tell you that in October, FPIs made a net sale of Rs 12,437 crore. Himanshu Srivastava, Associate Director, Research Manager, Morningstar India said, “FPIs are worried about the high valuations of Indian stocks. The stock market is currently near its all-time high.

FPI investors reaping profits
He said that FPIs are reaping profits because of high valuations. This is indicated by the trend of the flow of the last few weeks. Apart from this, inflationary pressures at the global level and slowdown in some developed economies are also a matter of concern, he said.

the uncertainty seen
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “It seems that FPIs are exiting due to valuation concerns. The important thing is that in the old scenario, FPIs used to decide the direction of the market with ‘smart money’. Right now this attitude has changed, we are in a time of uncertainty.

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Nirmala Sitharaman will hold a meeting with the Chief Ministers tomorrow, will discuss about investment and business